Kpler: Gulf Producers May Pay Iran for Safe Passage via Hormuz

Kpler estimates Middle East crude exports recovered to ~16.5 million bpd in September, with several days exceeding the pre-war average, yet oil prices remain elevated. The recovery is attributed to alternative pipelines, ports, and U.S. naval escorts, but Kpler suspects some Gulf producers are paying Iran for safe passage, which would explain the price resilience. This unconfirmed arrangement, if true, would represent a significant shift in regional security dynamics and add a risk premium to oil.